Outcome of Board Meeting held on 14th November, 2025
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Awaiting price reaction for this filing.
The board approved unaudited financial results for the quarter and half year ended September 30, 2025. Revenue from operations for Q2 FY26 was nil, compared to ₹1,337.24 lakhs in Q1 FY26 and ₹2,024.02 lakhs in Q2 FY25. Half-year revenue fell sharply to ₹1,337.24 lakhs from ₹3,530.70 lakhs in H1 FY25, a drop of roughly 62%. The company posted a loss of ₹17.13 lakhs in Q2 FY26 against a profit of ₹23.57 lakhs in Q1 FY26, while H1 FY26 profit collapsed to ₹6.44 lakhs from ₹147.45 lakhs a year ago. Cash and bank balances dropped to ₹11.27 lakhs from ₹95.53 lakhs, borrowings spiked to ₹205.10 lakhs from ₹6.35 lakhs, and operating cash flow was negative at ₹(275.23) lakhs. The auditor (NKSC & Co.) issued an unmodified limited review report but highlighted two emphasis-of-matter issues: the company has not yet obtained a fresh TAN after the name change, and the position of Company Secretary is vacant.
Investors should note the steep revenue collapse, the swing to a quarterly loss, the sharp rise in borrowings, and the continued cash burn from operations, which together signal weakening business momentum. The auditor's emphasis-of-matter notes on missing TAN and vacant Company Secretary role are governance red flags, though they were not deemed material to the results.